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, reagan did hold up his end of the deal and went along to support the tax increases. however, it -- on their side of the equation and did not implement the spending cuts, and so, this also happens again under the elder george bush's presidency, so i have very little confidence in democratic leadership's willingness to stand by a pledge to cut any spending at all. host: thanks to all the calls this morning. the house of representatives is about to come into session. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 4, 2012. i hereby appoint the honorable gregg harper to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate . the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority a
capital gains rate in the a.m.t. is higher than the regular tax rates from incomes around $200,000 to $500,000. and that was the first broad expansion of the a.m.t., it began to hit an awful lot of people. then in 2001 they reduced regular tax rates but did not reduce a.m.t. tax rates. . for many people, the a.m.t. tax bill only changed the name of the tax i paid. i got little benefit from the rate ofin my opinion, the expand on tax has nothing to do with the action of indexing. it is the result of the conscious decision to hike the cost of tax reductions. >> the alternative minimum tax is 28%. if your tax rate was lowered to 25%. you still have to pay 28%. >> that is correct. for incomes between to london thousand dollars and $500,000, the effective tax rate is 35%. you hit the 35% rate and incomes fire lower than the income levels at which you would hit the 35% rate and regular tax. >> why do they call it a patch? >> it is a one time year by year patch to stop the broad expansion. you could ask why they call it a cliff. they have discussed this in terms of the patch. it is a
percents of americans to pay more in tax after having 12 years of a special tax break, which was only supposed to be temporary. if you say yes vote for me. mitt romney says, no, we are going to caudle, protect that top 2%. we are not going to raise their taxes. so if you say no, vote for me. that was a choice. the american people overwhelmingly, overwhelmingly, margin of 5 million, voted for president obama. john boehner is acting as if we never had an election in the first place and the election doesn't mean anything. is the senator has passed a tax break and john boehner is saying no, we will let 98% of americans pay $2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loo
passing the tax cuts that we all agree needs to be extended right now. i'm hopeful ever hopeful that we can work together and have a balanced approach to deficit reduction to avoiding the fiscal cliff with revenue and spending cuts departments are willing to embrace so we can make sure we avoid this fiscal cliff and particularly raise the debt ceiling and avoid economic disaster. >> if that's the only particular issue to confront us next year if it is not wrapped up in this one negotiation as it should be. later in the show, we'll talk to chris van hollen, your colleague about a motion to dismiss possibility that would circumvent john boehner's extrasty to keep this bill off the floor. we will see about that. look, will rogers famously said i'm not a member of on organized party, i'm a democratic. you seem to tame the beat. under your leadership, the party has been unified. you had remarkable gains in the senate. how did you do it? >> this is a team effort. in fact, you took the words right out of my mouth from the d.n.c. meetings. i quoted will rogers in celebrating our victory because
for the thousands pass a middle-class tax cut which we approved here in the senate in july. as the days until the country goes over the fiscal cliff goes by, more and more republicans have joined our chorus. they recognize that the willing misto compromise sooner has put them in a real bind. so reasonable republicans are asking the house leadership to allow a vote on the senate-passed legislation. what was once a trickle has become more of a flood. last week republican representative tom cole said it was time to give middle-class families certainty their taxes won't go up by $2,200 on average on january 1. then tim scott from north carolina ad admitted that the senate-passed tax cut will surely pass the house since it will take only 26 republican ren votes for passage. i don't most of the time agree with david brooks but no one can dispute this columnist for "the new york times" is brilliant in writing. he's a great, great journalist and explains things so well. i really have great admiration for him. he wrote yesterday, "republicans have to realize they are going to have to cave in on tax ra
. >> this is helping tax my own party headquarters and my own party members. i thank the executive to get to that. a recent attack on party colleagues and offices and constituency offices and staff threatened intimidation from loyalists, and if confirmed, all threats of political motivated violence will be triggered by republican attacks. >> discussing this for mr. david this morning, if it is unacceptable, all that staff were intimidated in any way comment and i know that the justice minister and i will continue to defend the ability of politicians in northern ireland to carry out their duties. >> questions for the prime minister? dr. julian lewis, number one, mr. speaker. >> before i answer my hon. friend's question i am sure the house will wish to join me in thanking the duke and duchess of cambridge on the wonderful news they are expecting their first child, the perfect piece of news to end and in court a -- extraordinary jubilee year. joining the question on afghanistan veteran global security from the al qaeda presence in afghanistan has been significantly reduced in large part the result o
president obama need to call the debt deal a victory? raise the tax rate for the rich? that's at the top of the list but besides this and getting a deal done on time, what would really stuff the president's stocking, giving him a fresh start for his second term. shopping days, what would it take to make everyone happy or equally unhappy? a cut in government spending, a squeeze on medicare and medicaid. anything else? and finally hillary, clintons, both of them, global figures abroad, political superstars at home. to become in the four years, does she just have to wait? would anyone challenge her for the prize? could a hot new republican give her trouble, or cause her not to run? i'm chris matthews, welcome to the show. with us today, john harris, kelly o'donnell, michelle caruso-cabrera and david ignatius with "the washington post." first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the president would look like
is very important. we're trying not just to prevent a tax increase on 98% of americans, we're trying to go beyond that's going to be good for the long term american economy. >> but you said you're getting closer, they're saying you're getting much farther apart. they say that this is not a serious proposal. >> we have a very good plan. we have a very good mix of tax reforms that raise a modest amount of revenues on the wealthy 2% of americans. combined with very comprehensive, very detailed savings that get us back to the point where the debt is stable and favorable. if we can do that carefully, we can invest in things to make america stronger. we can rebuild infrastructure. we think those are good investments in america and we think we can afford them. >> let's look at an outline of what republicans said they heard in the meeting. $1.6 trillion in tax increases over the next ten years. $50 billion in stimulus spending right now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. t
that most people like the president's idea of only raising taxes on other people. specifically, the top 2%. the problem is according to the congressional research service, the math doesn't add up. that tax hike would only give $678 billion in additional revenue over ten years, now, remember, we're $16 trillion in the debt. now, if we go with howard dean's idea, that gets us $2.8 trillion or about 17% of our debt. adam davidson is the cofounder of planet money and he did the math. he wrote in "the new york times" a while ago, a set of numbers that has stuck with me ever since that increasing the middle class tax burden 8% would have a bigger impact than taxing millionaires at 100%. of course, once you tax millionaires at 100%, there's nothing else left to get them the next year. even bill clinton agrees. here's what he said at a conference i saw him at back in may. >> i think you could tax me at 100% and you wouldn't balance the budget. we're all going to have to contribute to this and if middle class people's wages were going up again and we had some growth in the economy, i don't think t
cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of course, is hitting the road. we'll get to that in a moment. but here's my question. i've been watching the coverage of this and reading it. and there's a lot of liberals who were like, he won, ha, ha, they're so arrogant about it, it's hard to like them. because it's just not attractive. but he did -- >> yeah, he won. >> and he is going to the american people with this. and why can't the starting point of these negotiations be about the tax rates and go from there. why are we at square one? and why is this on the president at this point? since he won. i understand the first four years being kind of bruising. >> right. >> but -- at what point does he have the right to draw a line in the sand? >> so he has every right to dr
. and that's the tax rates for the wealthy. and a key democrat expressing optimism. here's the two side, moving a bit closer together on "fox news sunday." let's listen. >> i think we will get an agreement. the reason i think we will get an agreement. what's standing in the way is revenues, particularly making that top rate go up to 39-6. but i think we are seeing real progress. i think you will see our republican colleague, reluctantly say let's go up to 39-6. >> a lot of people are saying, give the president the 2% increase he's talking about, the rate increase on the top 2%. so there is a growing body. i am beginning to believe that's the best route for us to take. >> reporter: saying, go ahead give the president the tax increase on the highest 2% of wage earners. but house speaker and john boehner have not sat down for negotiations. even though corker is saying there is growing sentiment to accept the president's tax rate on the wealthy, many republican, of course, still adamantly opposed to any tax hike. they could give the peeker a very tough time in the house if that were the ult
. and of course everyone, everyone deserves a $250,000 tax break. we all agree on that. so why not just simply adopt it and then come back and we'll have time to address the issues as it relates to bending the cost curve on health care and focusing on the vast inefficiencies, the fraud, the abuse and the waste that totals more than $750 billion annually? as for the chairman from my district said, list, it would be a way for us to bring down the deficit but also make health care affordable, accessible and functional for the american people. something i believe we must do. with that let me introduce the chair in waiting, javier becerra. >> mr. chairman, thank you very much. it's been a pleasure serving with you as our chairman of the caucus. december, how many families do you know that are sitting down right now trying to do some quick math on their finances and figure out how they can stay on their budget and have a little left over to buy gifts for the kids and for the loved ones so it will be a merry christmas, great holiday for all of america's families? they don't have any choice but to fig
they would be impacted by a tax increase, she says in part, we truly are a picture of the 21st century middle class family, so $4,000 means we would lose much of our hope of growing our new business. you hear the republicans talk about small business owners and entrepreneurs, and here's a face of at least one family that says they could be socked if a deal is not reached. eugene. >> that's right, tamron. this is the president continuing to put on the pressure. he's winning the public argument. this is the more favorable field of battle for him, is out in public opinion. he's out in the country. so he continues to do that. the more favorable field of battle for the republicans is inside a closed room where they still have the power of the majority of the house. so the president continues to do what's more favorable for getting the outcome he'd like to have. >> michael, i hate to bring you in. i hate to say this is how the game is played, but at this point it's about optics because both sides put the first proposals on the table. here you have this family, the face of america or so many america
. house speaker john boehner is taking heat from all sides, president obama is ripping him for tax hike refusal on those making $250,000 or more a year and the republicans are criticizing him for not pushing back enough. >> reporter: staving off the conservative rebellion, john jon boehner's proposal to steer clear the fiscal cliff, by closing loopholes in taxes has outraged anti-tax conservatives and when he removed conservatives from the key bathses of the past. >> $800 billion in 10 years that, looks like a tax increase. 238 republicans, including me, took a pledge not to raise taxes. >> they want to send a message to me, to send a message to others that we are not going to tolerate people who are interested in doing what's right, we want to play the same game. if you try to disrupt that, we will knock you off a committee. >> reporter: conservatives were tossed off the house budget committee and others were bounce from the financial services committee. benching conservatives have boehner under fire from conservative group, including the heritage foundation, red state dot-com, freedom
with republicans. 51% say republicans won't act in good faith. and a whopping 65% support higher taxes on households making more than $250,000 a year. perhaps knowing this, the administration is talking with a little more political swagger. treasury secretary tim geithner drawing another hard line in the sand in this interview with cnbc. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> and this ongoing political game of chicken is something one of the chairmen of the debt commission simply calls madness. >> when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in t
. yeah! >> dean says let's face it, america. taxes need to go up for everyone. now, this might not be what you expect from someone like howard dean. it's certainly not the president's position or the position of most americans. another new poll out today shows most people like the president's ideas of only raising taxes on other people, specifically the top 2%. individuals making over $200,000 a year or families making over $250,000 a year. the problem is according to the congressional research service, the math doesn't add up. that tax hike would give $678 billion in additional revenue over ten years. remember, we're $16 trillion in the debt hole. if we go with howard dean's idea, we have $2.8 trillion for 17% of the debt. adam davidson is the co-founder of npr's planet money, and he did the math. he wrote in the "new york times" a while ago a set of numbers that stuck with me. that increasing the middle class tax burden an additional 8% would actually have a bigger impact than taxing millionaires at 100%. of course, once you tax millionaires at 100% there's nothing else the n
the right solution for solving our issues of middlele class tax cuts and the fiscal deadline and make sure we move in a very positive direction. with that i yield back my time. the speaker pro tempore: the gentlelady yields back. the gentleman from texas. the gentleman reserves. the gentleman from michigan. mr. conyers: mr. speaker, we have no further speakers. i am prepared to return the balance of our time. the speaker pro tempore: the gentleman. mr. smith: we have no further speakers on this side. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is, will the house suspend the rules and pass bill h.r. 6620. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. for what purpose does the gentleman from texas seek recognition? mr. smith: mr. speaker, morph that the house suspend the rules and pass h.r. 6602, to make revisions in title 36, uni
be no deal to avert an economic plunge unless republicans agree to increase taxes on the wealthiest americans. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, kwame holman has the latest on washington's impasse on taxes and spending. >> ifill: then we examine nato's decision to send patriot anti- missile systems to turkey, as fears grow that syrian chemical weapons could cross the border. >> woodruff: jeffrey brown talks to mcclatchy newspapers' egypt correspondent nancy youssef about the massive antigovernment protests in cairo today. >> ifill: we continue our series of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to author and journalist tom ricks about what he describes as the decline of american military leadership. >> today
oxycontin stash. lots of people have proposed 100% tax rate. that's exactly what is on the table. >> you can't expect rush logic to enter into reality. >> stephanie: yes, and liberalism is to blame. [ bell chimes ] [ applause ] >> how? so -- >> stephanie: doesn't matter jim. and also rush limbaugh marriage expert had something to do with they are not married. >> well, he says that women -- one way to make women conservative is to marry them and he is trying to do that one lady at a time. >> yes he is. >> stephanie: okay. shawn handy. >> republicans have allowed themselves to get caught in a circular firing squad, negotiating among themselves and now tea party members are being removed from key committees. and john boehner adopted the rhetoric of rich versus the poor. >> stephanie: oh no. >> if sean hannity is on the case, it is going to get solved. i'm shocked, i still can't believe, that boehner could be trying to move his caucus in the right direction -- >> stephanie: huh oh. oh, my goodness -- there you go. now you are back go ahead. >> i'm convinced it's only mat
tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans. >> the republicans call this a bait and switch. >> alisyn: we'll debate. >> dave: one massachusetts town rolling out the welcome mat to long islanders for christmas tree lighting after the they refused to budge on the holiday event. the p.c. please. >> should you tip your garbage collector or how about your child's teacher? we have tips for tipping or the barista at starbucks. >> dave: no! sorry, ladies and gentlemen. >> "fox & friends" begins right now. ♪ >> are you supposed to tip the teacher. >> dave: some are, some are not. >> you want to err on the side of tipping and is it too much. do you tip the garbage man or the postal employee. you leave a bunt cake outside. >> alisyn: yes, money. they want money. >> dave: we'll get into it later, but it's tough because it used to be you tip someone for extraordinary service. >> alisyn: right. >> dave: now you just tip someone please. >> alisyn: so they don't egg your house, that's why you're tipping. >> and go to ff weekend and fire it
as the nation edged closer toward a so- called fiscal cliff that could raise taxes by year's end. we begin with a report from newshour congressional correspondent kwame holman. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from ne
in for dave. apparently such a thing as a free lunch. 30 million dollars of your tax dollars were supposed to help kids affected by superstorm sandy. instead all of new york's kids are eating for free. >> clayton: do you think this 90-year-old statue is offensive? take a look at the screen, offensive. a man basically standing on a woman. some people's rights groups do and they're trying to get rid of it. we'll explain. "fox & friends" begins right now. ♪ >> straighten up your socks, mike. >> pulling up the socks, a long four hours. >> alisyn: and get dressed before the show? >> hoyt hoist them up. mike jerrick is in for dave. >> hi, everybody. >> clayton: and get the heisman trophy winner and dave was so jealous, he didn't get so see john am i manziel. >> and freshman. >> alisyn: a lot from women and-- >> and coming up in half an hour, the six presents you did not want to get for someone. ali is going to give you a cautionary tale. >> alisyn: and what's happening at this hour, overnight u.s. special forces operations, killing seven taliban insurgents during the rescue a kidnapped americ
of january, the u.s. economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come t
for tax reform will be some of the lead folks who are shepherding whatever kind of framework, hopefully comes out of the fiscal cliff to their committees to help develop the details of how to do entitlement reform and tax reform. so we are very like you have with us today chairmen bockius who is somebody who's been thinking about these ideas for quite some time, hazard immense amount of expertise and will talk to us today about where the situation stands and where hopefully we will be able to move from there. thank you so much, senator. [applause] >> thank you very much, maya. thank everyone here for fix the debt, putting the fix to get conference together. this is an interesting senate. have my back to all these a luminaries here. i don't know whether there will be darts in my back or spitballs, whatever it's going to be, but it's good to be here and try to help any way i can. i first want to commend erskine bowles and senator alan simpson, retired coalition for your laserlike focus on this. you are engaging the american people, however. drawing attention to fiscal challenges that thre
the cliff. republicans might stucmble, though, into having some leverage if they end up backing the tax rate plan now and kick the rest of the can to february. one top republican governor has some stinging sarcasm for his own party's position. in the middle east the situation in syria turns from serious to scary. concerns over chemical weapons has secretary clinton conferring with her russian counterpart today to try to avoid deadly developments. >>> an nbc news exclusive, afghanistan's president hamid karzai talks about his country's future and ongoing insecurity and blames the taliban of course. guess who else? nato and the united states. good morning from washington. it's thursday, december 6th, 2012. this is "the daily rundown." i'm chuck todd. let's get right to my first reads of the morning. today's fiscal cliff photo op of the day is going to be in suburban northern virginia when the president will remind the public yet again that without a budget deal taxes will go up on 100% of americans at the end of the year. he'll visit the home of a middle class family who shared their story thr
tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've got until december 31st and in washington that's a long time. >> a lifetime. you wrote yesterday the republicans are waving a white flag as big as a bed sheet. you wrote "right now bain ser hoping to lead his fractious gop to an orderly surrender. the question is no longer whether republicans will give on taxes, they already have. all that remains to be be negotiated is how they will increase taxes. s so what's the likely scenario as you see it now? >> the fact they have surrendered, saying we're offering up an $800 billion tax increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up wi
in the deadlocked talks to avert the so-called fiscal cliff, the devastating combinations of tax increase and spending cuts that kick in january 1st. both sides seem to dig in this morning on the sunday talk shows. >> the only thing standing in the way of that would be a refusal by republicans that the rates would have to go up on the wealthiest americans, and i don't really see them doing it. >> right now, i would say we're nowhere, period, we're nowhere. >> that somber assessment today from house speaker john boehner, as geithner, the point man, went on all five sunday talk shows, cnbc, washington correspondent aman javers joining me live now. did geithner offer anything new today? >> he really didn't. he thinks the republicans are bluffing here and they are not prepared to go all the way to the mat here on behalf of tax cuts for the rich. they think at the white house they've got their republicans backed into a political corner here, and they are really pressing their advantage hard. you saw this sort of breathtaking offer by the president of the united states last week when he offered
that is slated to close in january. this is after the partial tax failed. here is video of the fire district at work. they stated that they do not have the money in the budget. this means that they will have to slash the budget by closing four stations. they stated that they should save about $3 million by doing this. which ones will be closing? station for4, no. 11, no. 12, and no. 16 and lafayette. >> the contra costa fire district is huge and its services nine cities about 600,000 people who live in the area. they get about 41 about the calls a year from the district. so this is a huge deal. the meeting will be today at 1:30 p.m. in martinez. they're encouraging the public to come autumn voice their concerns to the supervisors and we are not sure how much this will do what they're asking people to come out and support them. >> just into kron 4 news room. police are on the scene of what they are calling a sophisticated pot growing operation in the south bay. at a home on the 13 block of sandalwood court in san jose. police got to the home just after 3 this morning after the received a call
this summer in july, i guess it was july 24, a tax cut for middle-class families, meaning we would continue the tax rates for those families. that kind of certainty is badly needed right now. so one of the best things that could rap right now is the house could vote and the president would sign into law legislation that would provide certainty for middle-class families. 98% of american families, and some 97% of small businesses. so it's time for the house to act. secondly, i think we have to take steps to make sure that we're creating jobs at a faster pace, as i mentioned before. i'm introducing legislation today to help middle-class families and -- middle noik families and to boost hiring. it would expand the payroll tax cut from last year for one year and give employers a tax credit for hiring. and i'll be talking about that legislation. now, the payroll cut that we -- tax cut that we put into place last year had a number of benefits. i won't go through all of those today but the joint economic committee, the committee of which i'm the chairman, just put out a report in the last 24 hours,
tax cuts, in the white house, they called biden the mcconnell whisperer, and the horse whisperer, and the way, one for you, one for me, and that's the way you make a deal. >> this moment, look to you we have a deal by christmas eve, new year's eve or over the cliff? >> who knows. somebody who thinks they know is only guessing. maybe there's a strategy in the white house, you know, by a certain date they'll work it out. >> play book, we always start the morning with the papers. we still love the print papers, assistant of the washington post, which, this morning, says fiscal warning yet to phase wall street. the stock markets are convinced that the fiscal drama is going to work out. the financial times has the opposite headline. they say wall street anxiety grows so which of these is more true? >> you know, -- [laughter] on wall street, they live in a zone of peaceful coexistence of optimism and pessimism. you can talk to somebody in the investment world in wall street, and in the morning, they are optimistic, and in the afternoon, they are pessimistic. i think one, you know, don'
of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dis
, but it was a nonstarter for the republicans. too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to finally see republicans joining in the negotiating process instead of watching from the sidelines, but while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the american people won't support it. >> so let's bring in dan lothian because he's at the white house where the president is just about now meeting with a group of state governors. we'll get to
gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think tank the heritage foundation. let's face it the g.o.p. needs new energy. it needs branding help. heck, we have a lot of issues resolve amongst ourselves before we even from a hope of rebuilding the movement to appeal to new generations of vo
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